First Citizens BancShares, Inc. (NASDAQ:FCNCP) Sees Large Decrease in Short Interest

First Citizens BancShares, Inc. (NASDAQ:FCNCP) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 9,272 shares, a decrease of 41.2% from the April 15th total of 15,756 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is presently 1.2 days.

First Citizens BancShares Trading Down 0.1%

Shares of FCNCP opened at $20.52 on Tuesday. First Citizens BancShares has a fifty-two week low of $19.97 and a fifty-two week high of $22.93. The company’s fifty day moving average is $21.28 and its two-hundred day moving average is $21.27.

First Citizens BancShares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, May 29th.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc, headquartered in Raleigh, North Carolina, is a bank holding company and the parent of First Citizens Bank & Trust Company. Established in 1898, the institution has maintained a family‐controlled ownership structure, with members of the Holding family continuing to guide its strategic direction. Over more than a century of operation, First Citizens has built a reputation for conservative management and a focus on customer relationships.

The company’s core business activities encompass retail and commercial banking services.